Property Description

Positioned high on the 14th floor on the premium Harbour/City side of the iconic Oaks Building at 31 Woods Street, Apartment 1410 captures sweeping 180-degree views across Darwin Harbour and the city skyline, along with the renowned daily Darwin sunsets, visible from almost every corner of the apartment. Offering the ultimate Darwin city lifestyle, this residence delivers low-maintenance, lock-and-leave living, well suited to professionals, downsizers or investors seeking a hassle-free CBD address.

The Oaks Building provides a full suite of resort-style amenities including 24/7 reception with secure lobby access, an on-site café and restaurant, a fully equipped gym, and a sparkling resort-style swimming pool. With building management overseeing day-to-day upkeep, owners enjoy genuine maintenance-free living. Located in the heart of the Darwin CBD, shopping, dining and entertainment are all within easy walking distance, with the Darwin Waterfront Precinct and Mitchell Street only minutes away.

The Property –

A 2-bedroom, 2-bathroom apartment with internal laundry, positioned as an end residence on the northern side of the building with only one common wall. The apartment benefits from additional windows that enhance natural light and airflow through the living and dining areas. The open-plan layout flows seamlessly onto a spacious balcony, perfectly positioned to capture sweeping views of the Darwin city skyline, harbour and iconic sunsets, ideal for relaxing or entertaining.

Modern and contemporary throughout, the apartment is fully tiled and air-conditioned and includes a spacious kitchen with dishwasher, two generously sized bedrooms, two neat and functional bathrooms, two conveniently located linen cupboards and a practical internal laundry.

Investment or Lifestyle Options –

The apartment offers two clearly defined ownership pathways, allowing buyers to choose between certainty and flexibility with higher income potential.

Option 1 – Leave As Is | Guaranteed, Set-and-Forget Investment (Oaks Management) -
Leave the apartment exactly as it is, leased back to Oaks Building Management and delivering an estimated gross return of 6.49% ROI, paid monthly regardless of occupancy, eliminating vacancy risk. The lease has no fixed expiry, providing a genuinely hands-off, secure, set-and-forget investment.

Option 2 – Owner-Occupy or Independent Leasing (Long-Term or Short-Stay) -
Subject to the applicable notice period and terms of the letting agreement, buyers may take vacant possession to live in the apartment or lease it independently. Independent leasing may be undertaken as a private long-term residential tenancy or as short-term accommodation (Airbnb-style), with short-stay accommodation already established within the building.

Based on current market conditions, a private long-term rental is expected to achieve an estimated gross return of approximately 7.4% ROI. Short-term accommodation has the potential to achieve significantly higher returns, depending on seasonal demand, occupancy levels and management approach, noting that independent leasing options are subject to vacancy, demand fluctuations and market conditions.

Other Important Property Information –

• Year Built: 2015
• Area Under Title: 109m²
• Status: Tenanted – Oaks Building Management (Ongoing Lease, No Expiry)
• Council Rates: $439 per quarter (approx.)
• Body Corporate Levies: $1,545.92 per quarter (approx.)

For further information or to arrange a private inspection, contact Simon Connelly from Agency HQ NT on 0411 210 744 or email [email protected]

Property Details

Address

Floor Plans

Floor plan 1

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Simon Connelly

1300 009 247 0411 210 744 [email protected]